Phoenix New Media (NYSE:FENG) Announces Quarterly Earnings Results

Phoenix New Media (NYSE:FENG) posted its earnings results on Tuesday. The information services provider reported ($0.04) earnings per share for the quarter, Zacks reports. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%. The business had revenue of $29.88 million for the quarter.

Phoenix New Media Stock Up 0.7 %

FENG traded up $0.02 during trading hours on Thursday, reaching $2.22. 2,161 shares of the stock traded hands, compared to its average volume of 9,197. Phoenix New Media has a fifty-two week low of $1.50 and a fifty-two week high of $4.15. The company has a market cap of $26.78 million, a price-to-earnings ratio of -4.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. The firm’s fifty day simple moving average is $2.40 and its two-hundred day simple moving average is $2.62.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Phoenix New Media in a research report on Thursday, March 6th. They set a “hold” rating on the stock.

About Phoenix New Media

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.